“We are playing in such an enormous space — it’s almost $200 billion a year — we can all grow within the next five to 10 years and not grow into each other,” chief business officer says at TheWrap’s sixth annual Media Leadership Conference

YouTube chief business officer Robert Kyncl called the streaming service’s growth “astounding” and said he isn’t worried about the competition.

In fact, he believes there is enough business to go around for every streaming platform, including Netflix, Amazon, Hulu and Facebook, which has recently placed a renewed priority on streaming content.

Kyncl, who oversees content, sales, marketing and operations at YouTube, said users uploaded 65 hours of video every single minute five years ago. Now, the platform experiences 400 hours of video content being uploaded every single minute. More than a billion people use YouTube every single month.

YouTube videos are easy to embed and share so it’s not uncommon for creators to thrive on social media, but Kyncl revealed that Facebook referrals account for less than 5 percent of its traffic. However, the executive wouldn’t disclose which social media platforms are YouTube’s top-three referral sources.

Despite the ever-growing and evolving space YouTube shares with a number of other companies that thrive off of views, Kyncl isn’t worried about clashing with any of them.

“We are playing in such an enormous space — it’s almost $200 billion a year — we can all grow within the next five to 10 years and not grow into each other,” Kyncl said.

Kyncl didn’t even hesitate to praise the other online video platforms while explaining what YouTube is on a mission to stand out from competitors.

“YouTube focuses on user integration and watch times,” Kyncl continued. “If we keep executing on these, then we will be fine. When you look at the space today, I am very impressed with what Hulu has done — I think [CEO] Mike Hopkins has done an incredible job.”See complete coverage of TheGrill here.

Golden Globe nominee Maria Bello discusses her life and career during Day 2 of TheGrill

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Golden Globe nominee Maria Bello discusses her life and career during Day 2 of TheGrill

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From left to right: Movio co-founder and chief executive Will Palmer, Fandango president Paul Yanover, Skydance Media CCO Dana Goldberg, IMAX's head of international marketing Roger Pollock, Universal president of worldwide marketing Josh Goldstine, and TheWrap's Deputy Managing Editor Thom Geier discussed the moviegoing experience on Day 2 of TheGrill.

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IMAX's head of international marketing Roger Pollock discussed the moviegoing experience on Day 2 of TheGrill.

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Fandango president Paul Yanover discussed the moviegoing experience on Day 2 of TheGrill.

Twitter and Uber investor Chris Sacca talks investing in the tech space during Day 2 of TheGrill

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Evolution Media Group founder and co-managing partner Rick Hess talks about financing media during Day 2 of TheGrill

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Former MTV president Van Toffler talks about his new company during Day 2 of TheGrill

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Lloyd Braun, Founder & CEO of Whalerock Industries during Day 2 of TheGrill

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Mark Terbeek, Partner at Greycroft, Jesse Jacobs, President of The Chernin Group and Brian Weinstein, Head of Corporate Finance Group of CAA during Day 2 of TheGrill

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Steven Haft, SVP Innovation of Time Inc., Sanjay Sharma, President & COO of All Def Digital, Christian Meinberger, SVP Content Programming & Production at Studio 71, and Tobias Bauckhage, CEO and co-founder of Moviepilot during Day 2 of TheGrill

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Steven Haft, SVP Innovation of Time Inc. and Adam Smith, Partner at United Entertainment Group during Day 2 of TheGrill

At a time of unprecedented change and shifting business models, the entertainment industry is hungry for thought leadership. TheWrap believes that the conversation about where and how entertainment will meet the challenge of the digital age needs to be centered in Hollywood.

Conceived in an effort to create a high level forum for discussing the transformational forces in our changing entertainment industry, TheGrill has brought together a community of leaders from across the entertainment economy from disciplines including media, entertainment, finance and technology.